CLASSIC BULL CUP & HANDLE FORMATION IN WEEKLY CHART.Wock Pharma is a global pharmaceutical and biotechnology company with most of it's revenue coming from europe.
With Pharma Industry Booming Wockpharma weekly chart indicate a Classic bullish Cup & Handle Formation.
Supply Zone has been breached with good volume.
600 is in Psychological Resistance Zone.
Targets are marked in the charts as they are important fibonacci levels.
Keep an eye for these levels as weakness may occur. One can book partially and trail SL or book completely depending on your risk appetite.
P.S Education Purpose Only.
Supply Zone
Eicher Motor ,Head and shoulder patternLogic
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
SGX Nifty may break parallel channel upsideIt has been observed in the daily chart SGX nifty is securing a huge volume it seems the smart buyers are on the act. It also has been observed that along with the volume Price action is also clearing that signal with a higher high daily candle.
I can find a clear supply zone of 100 points between 14850 and 14950 in the near future if it breaks the channel.
HDFC is at crucial Support zoneKind of rounding bottom can be seen , this support zone breakout is very crucial for the stock as after breakout it will be bearish for medium term.
ajanta pharmaso safe trader should exit now and enter again if it breaks 220-2300 lvl in weekly time frame
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so much compression is there and it is going to bump with supply zone where so many selling orders are waiting
and also 7th wave will be completed there and then for 8th wave it will fall to the fresh zone near 750
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if some thing changes i will update
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thanks....
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UJJIVAN LONG (STRONG BUYING LEVEL)BUY UJJIVAN 211 SL 202 TARGET 241/ MAXIMUM TGT 273
VERY STRONG BUYING LEVEL
Nifty 50 Chart Analysis 07-04-2021Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021
1) Wide Demand Zone, But Weak Support Area. 14263 - 14517
If Price breaks any of the nearest Trend Line, In Days Closing
Then, It is expected The price will fall to this support Area.
2) Strong Supply Zone, And Strong Resistance.14829 - 14881
If Price breaks this resistance at Days Closing, Then
The Ascending Triangle Pattern will be broke and index may become bullish.
Disclaimer : All Views are Personal And Educational Purpose Only.
You are exclusively responsible for your Profits and Losses.
Use the Ideas with your own Risk.
TREND LINE PATTERN ANALYSIS 15.03.2021BUY 74 TO 71
TARGET 77 to 102
Reason For Buying This Script :
It is forming trend line & channel line formation. Now it is in bottom of the of channel line. So we can go for buy.
Once it cross 77 and Close above 77 in day candle means Next target up to 102.
If price reached 102 means kindly exit in this script. Because it is in all time high & it may form as double top formation. So be careful .
Note:
Above given levels are based on Weekly & monthly time frame it will take some day to achieve the target . So be patience.
ALL THE BEST..
Metal Commodities Story: TIN1. Fundamentally strong company.
2. Back to back quarters good results.
3. Trading at half its book value
4. PE = 6
5. TTM EPS= 10.66
6. Grossly undervalued company.
7. Historic supply squeeze is driving Tin prices up. Has reached 10yr high.
8. Technically on the verge of break out.
9. Demand for Tin in the packaging space.
10. Stock can be a 5x to 10x multibagger from here.